Pensions

[TheHorseOnSeventhAvenue]

If you ‘become a woman’ in your later (post-forties life) does it change your pension entitlement?

Why would it? Do men and women have different pension entitlements?

And whether it does or not, he’d be unlikely to find himself in the position many women with children, who’ve separated from a man after taking the child-related career hit that many of us suffer. (Bitter, oh yes)

I would hope it would make no difference whatsoever.

I think retirement age for both men and women is the same now. Previously it would have been an interesting question.

I think they banned insurance and pension calculations taking sex into account - maybe around 15 years ago. Previously, women had cheaper car insurance (due to lower risk of high cost accidents) but received less annually from the same size pension savings (due to longer life expectancy)

Yes it does. Previous posters are right that pensions being earned now are not sex differentiated, but the nature of pensions is that those being paid out now may have been earned 40 years ago under differentiated rules that still apply. So a change of gender can impact the pension someone is paid (but generally only where there is a gender recognition certificate in place, not on a self identified basis).

Yes but you need a GRC.

@TheHorseOnSeventhAvenue One aspect of the GRA 2004 was to allow transwomen with a GRC to get state pension at the age a woman would get their pension. Not sure if the reverse applied to transmen I.e. waiting to 65 to get state pension. Since 2020 the state pension age has been equalised at 66 so there is no issue for those retiring now.

One of the reasons for equalising pension ages was because it was discriminatory to men, one of the very few where the Sex Discrimination Act worked in men’s favour.

Most (if not all) pension schemes with different pension ages for Men and Women will have been closed and replaced with a scheme with a common pension age.

Historically, many pension schemes had a common pension age so it wasn’t an issue. However, part timers were not allowed to join but this changed 1990s (I think) following EATs. There are still a number of ongoing cases related to part timers and pensions.